Software industry specialists worked together back in 2006 to determine an international standard for Software Asset Management which would enable companies to prove that they were in full compliance with the rigorous demands set out in line with ISO/IEC 19700-1.
As software still accounts for a large share of a company’s IT budget (especially in today’s technologically advancing world) it would be easy to imagine that more companies would employ software asset management as a means of reducing costs and increasing operational efficiencies. However, although some practices remain untouched, overall things have changed since 2006 and research has proved that at the point when companies realise they need to take action to improve the management of their software, they start with checking whether they have too few or too many licenses as opposed to looking at software optimization or procurement rationalization. This is evident in the fact that for every user searching for ‘SAM Solutions’ on the Internet, there are five or sometimes even six users searching for a variation of license management solutions. Software audit training has become very popular in the last 6 years and some license management specialists now offer software audit training via written guides and webinars.
It has become evident that most companies simply cannot afford to take on board a Software Asset Management program when the lion’s share of their IT budget is being spent just managing their existing software license portfolio. Is this false economy? – perhaps so – especially taking into account that, by embracing a full SAM program it could save their IT budget up to 20% in as little as 6 months. Also, it is worth noting that the procedures (software audits, license collection and calculating an Effective Licensing Position) are essentially all part and parcel of a SAM program. Making changes to software procurement procedures, how that software is deployed and re-harvesting licenses are all key factors in optimising the use of software which, in turn, will lead to great savings of both time and cost in the future.
Better license management, coupled with cost and risk reduction is the goal along with ensuring that investments made will pay dividends in the future. To this end, License Management software helps companies produce Effective Licensing Positions faster. One such solution – License Dashboard’s License Manager assists both new and mature customers and has proved successful in ensuring that its customers realize an ROI from the outset.
So, it would appear that SAM is not quite dead but software license management is definitely playing a more significant role at this time.
This helpful article was sponsored by License Dashboard, which develops software solutions that are designed to help both large and fast-growing organizations to proactively manage their software expenditure, minimizing costs, maximizing utilization and streamlining the entire software lifecycle.